Chinese chip-tool maker AMEC says first-half profit to nearly quadruple amid soaring demand

Advanced Micro-Fabrication Equipment China (AMEC), the country’s top chip-tool maker, says its preliminary profit will nearly quadruple in the first half of the year as robust demand for home-grown semiconductors continues amid US sanctions.

Based on unaudited figures, the company said its income between January and June was at least 2.7 billion yuan (US$400 million), representing a year-on-year growth of 282 per cent, according to a filing to the Shanghai


Shenzhen-based AI mathematician Yurii Nesterov wins top prize in applied maths

‘Crazy to stop right now’: researcher rejects retirement to build on his 40-year legacy during the golden age of artificial intelligence

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Shenzhen-based AI mathematician Yurii Nesterov has won the highest honour in the global applied mathematics community – the Carl Friedrich Gauss Prize. Photo: Handout

When Russian-born Belgian mathematician Yurii Nesterov reached retirement age in 2023, he found himself at the centre of a technological storm.

The accelerated gradient algorithm he derived with pen and paper 40 years ago had become the engine driving the rapid advancement of modern

Massive Attack’s Singapore ban tests legal limits of artistic freedom

Robert Del Naja and Grant Marshall from Massive Attack stand with a Palestinian flag onstage at the end of their performance in Singapore on Wednesday. Photo: Social media/Reuters
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Hong Kong retail sales rise 4.6% in June as growth streak extends to 14 months

Hong Kong’s retail sales rose by 4.6 per cent year on year in June, extending the growth streak to 14 months, with the government expecting continued economic growth, rising incomes and a steady increase in visitors to support the sector.

The value of retail sales for the month reached HK$31.5 billion (US$4.01 billion) with the retail sales in the first half of the year marking a 9.6 per cent increase over the same period in 20


How East Asia’s internet cafes became a cheap urban refuge

A customer at an internet cafe in Seoul, South Korea in December 2013. For years, internet cafes appeared destined for extinction. Instead, the industry reinvented itself. Photo: AP

Dr Ken Ip is an assistant professor specialising in business innovation and entrepreneurship at Saint Francis University, Hong Kong.

The internet cafe was supposed to become obsolete. Instead, it has become indispensable. Across East Asia, these businesses are quietly evolving into temporary homes, budget hotels, co-working spaces and, for some, an unofficial social safety net. The debate in Hong Kong over overnight internet cafes is simply the newest chapter in a much bigger
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Malaysian police investigate how pilot smuggled drugs past 4 layers of airport checks

Malaysian police have identified a Kuala Lumpur International Airport (KLIA) security screener as a person of interest after a Malaysia Airlines pilot allegedly carried more than 70,000 Ecstasy pills through four layers of checks before the drugs were intercepted in Jakarta.

Bukit Aman narcotics chief Hussein Omar Khan said on Tuesday that the airport employee assigned to the screening area used by the pilot would be summoned and could face legal action. “We will call him in for questioning and, if required, make the necessary arrest,”


‘Damp and filthy’: murder suspect says basic necessities denied in custody

Defendant complains of poor sanitary conditions in police custody, asks court to send him to prison instead pending identification parades

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The defendant was escorted to Kowloon City Court to face a murder charge. Photo: Sun Yeung

The alleged ringleader in the fatal assault of an entrepreneur during a bar fight last month has told a Hong Kong court that he was deprived of basic necessities while being held in a “filthy” police cell.

Tsang Wai-ching


Trump’s ‘Board of Peace’ conditions Israel’s Gaza withdrawal on Hamas disarmament

US President Donald Trump’s “Board of Peace” on Monday assured Prime Minister Benjamin Netanyahu that Israel’s withdrawal in Gaza would only begin after Hamas’ complete disarmament, following his objections.

Two members of Netanyahu’s security cabinet had urged a vote to tear up the deal championed by Trump after the board released a text that called for Israel to begin a phased withdrawal.

Netanyahu’s office said it had raised concerns to the United States, after Trump on Friday hailed as a “major milestone” an


How China’s US$900 million port deal in Angola shows its dominance over US interests

As Washington eyes the nation’s critical minerals and invests in a strategic rail project, Beijing leads in strengthening its supply chain

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The mineral terminal of the Port of Lobito, which transports copper, cobalt, sulphur, reagents, fuel, agricultural, industrial and commercial products to and from Angola and the DR Congo. Photo: AFP

On the South Atlantic coastline, Angola stands out as rare ground on which the United States has been willing to vie with China for influence in Africa .

It was the only country on the continent visited by former US


3 lions perish at Tokyo zoo as Japan bakes in ‘cruelly hot’ summer

Three lions have died of suspected heatstroke at Tokyo’s Tama Zoological Park in Japan. Photo: Tokyo Zoological Park Society/Kyodo
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